Investor sentiment remains fragile as traders wait for the next development in the trade dispute between the world’s two biggest economies
U.S. equities fell by the most since March as investors remained on edge over President Donald Trump’s threat to increase tariffs on billions of dollars of imports from China. Oil dropped and the yen strengthened.
“Investor complacency finally caught up with the market as a smooth ride to a trade agreement was all but priced in prior to this week,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance. “This is a case of “it’s not what you say, it’s what they hear,”’ said Putri Pascualy, managing director for PAAMCO. “The math on risk premia for multiple asset classes have changed.”
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